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JSW-Tata Steel battle for Bhushan Power & Steel spills over to iron ore

The way the tussle over Bhushan Power & Steel goes will decide the numero uno in the domestic steel market in the immediate term at least

JSW, JSW SteelJSW, JSW Steel, stressed steel assets
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JSW, JSW Steel, stressed steel assets

Dillip SatapathyIshita Ayan Dutt Bhubaneswar | Kolkata
Locked in a battle for Bhushan Power & Steel, the clash between the country’s top two steelmakers, Tata Steel and JSW Steel, is spilling over into the sphere of iron ore. JSW Steel has challenged the auction process for iron ore blocks in Odisha. 

The matter being heard in the Delhi High Court is on participation of companies holding more than the limit permitted under the Mines and Minerals (Development & Regulation) (MMDR) Act. 

The court has restrained the Odisha government from proceeding on e-auctions of two iron ore blocks, Chandiposhi and Purheibahal, in Sundargarh district, originally scheduled to be

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